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The consumption fields of fuel oil are transportation and industry. Especially when generating power in industry a lot of fuel oil is used, taking up 1/3 that of the total demand. Chemical industry, building material and iron industry also consumes fuel oil a lot. The profit making ability of refined oil is not so optimistic due to the high price of cost. It is estimated that in 2007, no obvious gap will be seen between the price fluctuation of refined oil and that of international crude oil. The profit making ability of the industry will hoist.

During the Eleventh Five-Year Plan period (2006-2010), the average increase of petrol storage in China is 900 to 1,000 million tons and that of natural gas 400 to 450 billion m3, which can ensure certain growth of oil and gas production. In the next five to ten years, with the development of China economic, the total consumption of energy will increase and so does crude oil as well as refine oil.

Fuel oil companies still face with tremendous challenges though there are many favorable conditions. In the end of 2006, China opened the wholesale market of refined oil to foreign companies to fulfill the commitment made by China when entering WTO. This is a milestone which marks the full open of China petroleum and petrochemical industry. During the Eleventh Five-Year Plan period, there will have diversified investors in China petroleum and petrochemical market. The competition pattern will gradually come into being. When foreign investments enter in large scale, China petroleum and petrochemical industry will confront with serious challenges.

In addition, the government and the public are now concern more than ever about the environment, accordingly higher requirements were given on environment protection. The use of energy-saving oil and renewable energy, the transit of clean natural gas from the west to east, the production of LNG project and the appearance of much more possible replacements in the future may quite probably decrease the consumption and imports of fuel oil.

It is estimated that in 2007 demands for fuel oil may drop to 37 million tons. Considering the consistent improvement of domestic processing ability, the imports of fuel oil may drop to 20 million or so. All the above mentioned factors will bring a lot of changes in China petroleum and petrochemical market and at the same time challenge China petroleum and petrochemical market as well.

Products chain of petrol
Discovered storage location in the world
Crude oil procession location in the world
Demand on petrol in the world
Consumption of petrol in the world
Growth of petrol consumption in the world, 2000-2007
Fuel oil in China, 1995-2007
Annual consumption of fuel oil and forecast in China, 1996-2015
Domestic consumption of fuel oil by industry
Domestic consumption of fuel oil by province
Domestic consumption of light oil and forecast, 1998-2015
Imports of fuel oil in China, 1995-2006
Statistics of fuel oil by custom, 2006
Production of fuel oil in China by region, 2006
Production capacity shares in China by region, 2006
Top ten provinces producing fuel oil in China, 2006
Producers of fuel oil in China, 2001-2006
Companies manage import of fuel oil in China
Top ten import and export of fuel oil in China, 2003-2006
Demand and supply of Bunker C in South China
Demand and supply of Bunker C in East China
Demand and supply of Bunker C in North China
Demand and supply of Bunker C in Northwest China
Demand and supply of Bunker C in Central, Southwest, and Northwest China
Price of fuel oil future in Shanghai, Huangpu and Singapore
Sales of fuel oil in China, 1994-2006
Imports and the domestic production of crude oil, 1994-2006
Imports and the domestic production of crude oil, 1995-2009
Tank companies in port
Profiles of tank companies by port
Fuel oil base designated by Shanghai Future Exchange

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